Some months ago, CSX found itself with a new boss when Hunter Harrison became President and CEO of the railroad. Shortly after assuming control, in a performance worthy of Gordon Gekko, Harrison effectively nullified all the work that had been done to reintroduce passenger service between New Orleans and Orlando. Indeed, figuratively speaking, Harrison…
A few days ago, the business and trade media was full of the news that the new boss at CSX, Hunter Harrison, had in effect torn up the latest potential agreement for his railroad to accommodate a resumption of passenger train service between New Orleans and Orlando. As I guess we all know, prior to…
In August of 2005, Hurricane Katrina hammered the Gulf Coast, killing more than 1800 people and causing $108 billion in damage. Included in that mess were many miles of track belonging to the CSX railroad that were washed out along the coast. That, of course, meant the cancellation of the New Orleans-to-Orlando segment of Amtrak’s…
Some interesting ideas were recently presented by Hunter Harrison, president and CEO of Canadian National Railway, who laid out his view of the future of freight rail in a speech to the Canada Maritime Conference. First of all, Harrison predicts that multiple mergers will create two mega railroads in place of today’s “Big Six”: Union…